Latest Realty News

MUMBAI: Declining borrowing costs, improving employment outlook and availability of affordable housing projects are encouraging prospective home buyers to purchase new properties in 2015, a survey has said.

MUMBAI:HDFC chairman Deepak Parekh has called for an end to the ban on loans for acquiring property for development. According to Parekh, easing finance to developers would help bring down cost of houses.

MUMBAI: At a time Indian realtors and investors are struggling to roll out real estate investment trusts (REIT) amid regulatory complications and tax uncertainties, Pakistan has gone ahead to launch South Asia's first REIT at a premium of 10% to the offer price, earlier this month.

Prime Minister Narendra Modi on Thursday launched three mega flagship schemes aimed at transforming urban India, including the much talked about Smart Cities proposal, with a whopping Rs 4 lakh crore kitty having been lined up for the projects.

NEW DELHI: The government, building owners and service providers need to invest more in smart building technologies to better serve India's rapidly urbanizing population and help create sustainable cities and infrastructure.

NEW DELHI: Unlocking of land for creating affordable housing, a fast-tracked approval process and financial empowerment of the low-income categories is essential for the success of Prime Minister Narendra Modi's favoured Housing for All scheme.

New Delhi : Prime Minister Narendra Modi will address elected heads of 500 civic bodies from across the country here on June 25, when he will launch the three flagship schemes for urban revamp, including smart cities and housing for all.

MUMBAI: The Maharashtra government will soon appoint a regulatory body to safeguard interests of home buyers after the Centre gave a go ahead to the state to frame rules to implement the Housing Regulatory Bill passed by the legislature and approved by the President.

New Delhi: The union cabinet on Wednesday approved the launch of 'Housing for All by 2022' programme, aimed at rehabilitation of slum dwellers and promotion of affordable housing for the economically weaker sections (EWS) through credit-linked subsidy.

The proposed amendment to the Land Acquisition Act is crucial for creating two crore affordable houses in urban areas by 2022 under the government’s new ‘Housing for All’ mission, Union Minister for Housing & Urban Poverty Alleviation M Venkaiah Naidu said.

NDA government’s proposed ‘Housing For All’ mission will pave way for private developers to leverage public land in order to redevelop slums in-situ. The proposed policy of using land as a resource will signal a major shift from the UPA government’s state-funded slum rehabilitation scheme Rajiv Awas Yojana.

MUMBAI: Larsen & Toubro, India's largest engineering and construction company, has formed a new unit to cater to smart cities, security solutions and communication projects, expecting the business to grow to $1 billion in three to four years, driven by the government's push in these areas.

In a setback to Maran brothers, the Madras High Court on Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.

Thane: While rainwater harvesting and solar panels is a must in all new housing projects in Thane, guardian minister Eknath Shinde has suggested to make CCTVs too compulsory to keep an eye on untoward activities and curb crime.

KOLKATA: Although the Reserve Bank of India is pushing lenders to make loans cheaper, a huge number of home loan applicants, who borrowed money from smaller housing finance companies, are yet to get the benefit of softer monetary policy.

One of the best residential developers in Chennai, Amarprakash’s project Palm Riviera had been awarded as “Asia’s 100 Best real estate projects & properties 2015”.They were conferred the award at a grand function on 21 May, 2015 in Singapore .

As Telangana reached its one-year milestone, the real estate sector in Hyderabad appears to have given up hopes of a quick recovery of fortunes and instead remains content with slow and incremental growth.

MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.

The state government has decided to raise a corpus fund of Rs 1,000 crore to assist the workers engaged in building and construction sectors.The Odisha Building and Other Construction Workers Welfare Board has already raised Rs 750 crore through collection of cess from different government constructions.

NEW DELHI: The pensions regulator has opened the doors of long-term retirement funds to the real estate sector, allowing the pension funds to invest up to 5% of their corpus in regulated real estate investment trusts.